Commodities are green across the board today.
This morning Reuters reported that Cargill Indonesia intended to import between 240,000 and 250,000 tons of soybeans into Indonesia in 2012. The company expects the country to need 1.6 million tons of soybeans in 2012. The country has 50 – 60 days of soybean inventory.
Recent Trading Prices (per bushel unless otherwise stated)
|Aug 2012||Soybean Oil (Metric Ton)||$52.2000||+0.6200|
|Aug 2012||Soybean Meal (Metric Ton)||$529.8000||+20.0000|
Afternoon Commodities Report from Allendale
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